3 Beaten-Down Stocks Under $10 to Buy in November

It's almost the middle of November. And boy, oh boy -- what a month it's been.

However you slice it, the market has been tinged with volatility. Just look at the S&P 500 (SNPINDEX:^GSPC): The index suffered a huge sell-off in the post-election days of uncertainty, only to stage a quick and powerful recovery a few days later. Meanwhile, AI's biggest winners -- Nvidia, Micron Technology, and Advanced Micro Devices, to name a few -- have also taken a beating, with investors growing worried about inflation and valuations at the same time.

Sharp declines, in general, can create buying opportunities for patient and perspicacious investors, but not every beaten-down stock will be a genuine bargain. In particular, I'm looking at growth stocks in emerging industries, many of which have sustained heavy damage in 2026. If you're willing to stomach the volatility, the following three growth stocks might be worth a closer look.

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1. Archer Aviation

Archer Aviation (NYSE:ACHR) is one of the frontrunners in the emerging electric air taxi market. Its Midnight aircraft, which can take off and land vertically like a helicopter, could offer travelers a way to soar over congested roads in cities around the world.

Earlier in 2026, Archer entered the fourth and final stage of the FAA type certification, the completion of which would bring it one step closer to launching commercial passenger services. The company eked out about $5 million in third-quarter revenue, while also sustaining a hefty $275 million loss that same quarter. These losses are heavy, but it is arguably the price Archer must pay to launch its novel eVTOL (electric vertical takeoff and landing) technology.

Despite its losses, Archer has been making good progress. Recently, it received FAA authorization to begin piloted demonstrations of Midnight in Los Angeles, where it will serve as the official air taxi provider for the 2028 Olympics. It's also in the midst of acquiring three subsidiaries from Boeing, one of which generates more than $200 million in annual revenue.

2. Joby Aviation

Like Archer, Joby Aviation (NYSE:JOBY) is developing electric air taxis for urban transportation. It is, however, farther along than Archer in the FAA's certification process, having already begun testing in the fifth and final stage of its certification process (Joby reports its progress in five stages, while Archer uses four phases).

Joby also has a leg up on Archer in another sense: It operates an urban transportation business. Through its acquisition of Blade Air Mobility's passenger business, Joby operates helicopter flights in New York City. Not only does this give Joby an existing customer base, but it also gives it revenue today, about $55 million in the third quarter. In fact, thanks primarily to Blade, Joby raised its full-year revenue outlook to between $135 million and $140 million.

The question with Joby, however, is valuation. With a roughly $6.2 billion market capitalization, Joby trades for about 42 times trailing revenue. For perspective, Joby's long-term partner Delta Air Lines trades for a price-to-sales ratio of less than 1. That's a steep price, to be sure, but one that could become easier to justify should Joby's air taxi services become a thriving business.

3. USA Rare Earth

Right now, the U.S. government is uncomfortably dependent on China, its biggest economic rival, for the processing of rare-earth materials and magnets. USA Rare Earth (NASDAQ:USAR) is one of the few American mining companies working to change that.

For starters, USA Rare Earth is trying to build an integrated mine-to-magnet business. This includes not just mining rare-earth metals but also refining them and turning them into permanent magnets. These magnets aren't the kind you stick on a fridge, either: They're powerful magnets found in a variety of technology, including fighter jets, laptops, electric vehicles, and industrial robots.

For years, USA Rare Earth's most valuable asset was Round Top Deposit, which contains many of the rare-earth materials needed to make magnets. Round Top, however, is not in operation yet, with commissioning planned for 2028. That makes its recent acquisition of Serra Verde particularly important: This Brazilian mine is already producing rare-earth metals and generating revenue, two things that can help USA Rare Earth with its cash flow as it continues developing its mining and magnet operations in the U.S.

Which, to be sure, USA Rare Earth is making progress on. Indeed, in September, USA Rare Earth's magnet manufacturing facility in Oklahoma recorded its first-ever commercial sale, a pretty big milestone for a company that's trying to build a rare-earth supply chain.

There's still plenty of work left ahead, but, like Joby and Archer, USA Rare Earth is making good progress toward commercializing a business that could become enormously valuable in the years ahead.

Steven Porrello has positions in Archer Aviation, Joby Aviation, Micron Technology, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Boeing, Micron Technology, and Nvidia. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy.